People's Pilot, Volume 5, Number 3, Rensselaer, Jasper County, 11 July 1895 — MAKES A RECOVERY. [ARTICLE]

MAKES A RECOVERY.

WHEAT GETS BACK 3 CENTS OF TUESDAY’S LOSS. A« Gecentric Market —Bad Reporta on Spring Wheat —Corn Advances —In the Provision Pit—Closing Prices in Wall Street. Chicago. July 10.—It was an eccentric market in wheat this morning. The trade was filled with orders to catch cheap wheat if the offerings should continue, but there were no offerings. The cables were not as sick as expected. Paris even came higher. New York opened with a sharp up-turn of 3 cents. Liquidation was at an eAd. It was a case of getting the short wheat back. On the jump of nearly 3 cents the brokers for the shorts were pulled out. The suspension of Montague was announced. There was selling out of wheat for this account. The price dropped back 1c or more quickly. An hour later the Northwest sent some alarming reports about South Dakota wheat and the second strong up-turn followed. It was the shorts under the market. Perhaps 3 cents recovery was not out of proportion following nearly 9c break in two days. September wheat opened at 63%064%c, !%©2%c over yesterday's closing. The early rush carried the price to 65%c. The break on the failures was to 64%c, then a rally to 65c, a dip to 64%c, a third buying flurry and a bulge to 65%c, and held after midday around 65%c, just 3c over low point late yesterday. Wheat was well held the last hour and closed just 3c over the low point yesterday at 65%c for September, 67% 067%c December. Dispatches claiming considerable damage to Spring wheat from recent frosts and hot winds, while not generally believed, were so numerous as to. create much bull feeling. The advance checked cash and export sales. Corn traders got a taste this morning of what that market can do when shorts undertake all at once to cover. First prices for September corn covered a range of 2 cents, and top prices the first minute were more than 2%c over last night. First trades were at 43c at 43%c, 44c, 44%c and up to 45c. When corn was closed out for Montague later the September price went back to 4.3%c, rallied still later to 44c and held the last hour at 43%c, l%c recovery from low point yesterday. May corn sold between 36c and 37%c, and held about 1c over last night at 36%c. lieeelpts were light, 1J27 cars. Estimate for to-morrow. 175 cars. Local shipments were nearly 250,000 bu. Withdrawals were 233,000 bu. Atlantic ports cleared 175,000 bu. It is believed the Government report on corn late this afternoon will make condition and acreage such as to Indicate the greatest crop ever grown. Corn closed 1c over last night, at 42c July, 43%c September. 46%ciMay. Corn charters were 160,000 bu. Provisions had good action for the day. September pork was put up to $11.27% when grain markets had the opening bulge. There was plenty of stuff for sale and the price broke to 111. The recovery was to $11.25 at the close, 7%c over last night. Lard closed 12%c lower at $6.35 bid September. Ribs sold $6.25 to $6.10 and closed $6.20. It was largely a professional market, Quotations were: Articles— High. Low. Close.—— Wheat—No. 2. July 10. July 9. Julys .64% $ .63’4 $ 64 $ .61% Sept6s% .63% .65% .62% Dec6B .66% .67% .64% CornJuly 44 .43 .43 .42 Sept4s .43 ..43% .42% May 37% .36 .36% .35% OatsJuly 24% .23% .23% .23% Sept 24% .22% ,23% .22% May 27% .26% .26% .26% Pork— Julyll.lo 11.02% 5ept11.27% 11.00 11.25 11.15 Lard— Ju1y6.27% 6.25 6.25 6.35 5ept6.42% 6.35 6.35 6.47% Short ribs— July 6.07% 6.12% Sept 6.25 6.10 6.20 6.27% Oct 6.20 6.12% 6.20

Chicago Produce Market. The following quotations are for large lots only: small quantities are usually sold at advanced prices: Vegetables—Asparagus, home-grown, 40060 c per 1-3-bu box; beets, 60075 c per bu; cauliflower, 11 per crate of 1 doz; cucumbers. 50c per crate; green onions, 20©25c per case; green peas, 81.2501.50 per bu; lettuce, home-grown, 50060 c per tub of 4 doz: new cabbage, 75c©81.50 per crate; onions, Bermudas, 11.5002.40 per sack; pieplant, 25c per 50 lbs; radishes, 25075 c per bu; string beans, green, 75c 011.15 per bu box; wax, 75c011.15; turnips. 26030 c per bu. Apples—l2.soo4 per bbl. But.tei—Creameries extra, 16%c per lb; first, 15©15%c; second, 12© 14c; third, 10011 c; dairies, extra, 14c; first, 12c; second, 10c; imitation creameries, extra, 14c; ladles, extra, 10011 c; first. B©9c; second. 7©7%c; packing stock, fresh, s©B%c; grease, 3©sc. New Potatoes—Bbls, 82.2502.50; bulk, 70085 c per bu. Live Poultry—Turkeys, choice, B@B%c per lb; fair to good, 6c; hens, 9c; ducks, fair to choice, 8c; geese, s3©4 per doz. Beans—Peas and navy beans, hand-picked, >1.85© 1.95 per bu; good clean, 81.7501.80, Cheese—Young Americas, choice, 70 814 c; twins, 6%©7%c; Cheddars, 6%® 7%c; brick. 7%08c; Llmburger, 7%© B%c; Swiss, 709 c. Eggs—Salable at lie per doz when cases are returned, 11%C cases included. Veal—Fancy calves. 7%c per lb; small thin, 4%©5c; heavy carcasses. 4c. Wall Street. New York, July 10.—Trading was lively at the start and prices were generally higher. Chicago Gas opened % higher, but a flood of sales soon sent the figures down 2% per cent, to 52%. The market generally was affected by the raid on Chicago Gas and New England has receded 1%, Sugar 1%, and Tobacco 1 per cent. At 11 o’clock the ahorts were being driven to cover and Sugar had improved % and Chicago Gas was up 2%. to 54%. Speculation continued strong after 11 o’clock and the general list gained a fraction. ' Subsequently Chicago-Gas rallied %. Sugar %, and the general list *40% per cent. Liquidating sales of Tennessee Coal caused a drop of 1% in that'stock. At 12 o’clock speculation was dull and fairly steady. Money on call nominally 101% per cent. Prime mercantile pape“r, 303% per cent. Sterling exchange firm, with actual business In banket** bitt* at 490

©<93% for demand and at 4890489% for sixty days; posted rates, 4890489% and 490®490%; commercial bills, 488© 488%. Silver certificates, no quotation. Bar silver, 67. Mexican dollars, 53%. Government bonds flrm. Closing quotations were:

Atchison. .... .. 10 l < 7 Am. Cotton Oil. 361 j Missouri Pac... 33% Amer. T0bac....113% Michigan Cent. .... Baltimore & O.Norths-n Pae.. 4Jtf Can. Pacific North Pae pfd.. 18% C. B & Q 86% N. Y. Central.. C.,C.,C.&5t.L.. 46 Northwestern.. 99% Cordage 1% N. Y. &N. E... 54 Chicago Gas ... 55% N. American... s*£ Chesapk&O.... 22% Omaha.4o% Del. & Hudson.. 130% Omaha pfd.... 116% D L & W168’4 Ont. * Western 17% Dist Catl Fd C.. 21% Pacific Mail.... 39% Den & R G pfdPullman.l74 Erießeading 17% East'n Illinois.. 55 Rock Island.. . 72% East Tennesseeßichmond Ter. Illinois Central Silver Cer Jersey Central.. 102% Sugar Refinery. 111% Kan & Texpfd.. BH% St. Paul 6914 LeaHt4% St. Paul pfd.... 123 k L., N. A. &C...’ . .. Texas & Pacific 1844 L. & N «0% Union Pacific.. 13% Linseed Oil Western Union. 91% Lake Er.e & W.. 25% Wabash 1.. E &W. pfd. 84 Wabash pfd.... 30 Lake Shore ....147% Wiscon’nCent Government bonds stand at the following bid prices: K egistered 2 s.’.". 96} i[Currency te, ’97.108 Registered 45.... 112 Currency fie. ’98.105 Coupon 45113% Currency 6s, Y 9.108 Currency 6<. '95.100 Coupon 5s Currency 6s, IHJ. 101 Registered 5s

Live Ntoek. Chicago, July 10.—Cattle—Receipts, 15,000; calves. 1,000. Sales were on basis of $3.5005.90 for common to extra choice dressed beef and shipping steers averaging 900 to 1,600 lbs. Comparatively few sales were made below $4, and gales were principally at $4.2505.50. The stocker and feeder trade was moderate, and sales were mostly at $2.3003.95. Butchers’ and canners’ stuff shared In the decline, bulls selling at $1.7504.50. while cows and heifers sold at $1.50® 4.30. chiefly at $1.8008.50. Veal calves sold all the way from $2 to $5.50,, according to quality, most of the sates being at $3.7505.40. Hogs—Receipts, 27,000. Sales were made of heavy hogs at $48505.15. according to quality; mixed lots at >4.1*505 and light hogs at $4 1, 105. Before the noon hour arrived the best heavy hogs were very hard to sell at $505.05. and other were pro; ortlonately lower. Sheep-r-Receipts, 16,000. Spring lambs, as usual, comprised a very large part of the offerings, and they sold at S3O 5.90. with transactions mainly at $4.50 05.75. Sheep were In demand at $1,250 1.75 for- Inferior, $203.50 for commoh to good fat flocks, and $3.6004.10 for choice to extra, the bulk of the sales being at $203.50. Westerns were salable at S2O 3.45 for common to choice fed.

Wheat -hkl Corn. Closing prices of wheat and corn at the following named cities were: Wheat—New York—July, September, 69%e; December, 72!4c. St. Louis—July, 63%c; September, 64 %e. Duluth—July, 66 %c; September, Minneapolis—Cash, «4%c; July, MYgC. Baltimore—July, W/sc; September, 67‘4c. Toledo—Cash, 67>£c; September, Milwaukee—Cash, 64’4c; September, 66c. Detroit—Cash, 67c; September, 67%e. Corn—New York—July, September, ÜBc. St. Louis—July, 3Mic; September, 40%c, Baltimore—July. 47c; August, 47c. Liverpool. Liverpool. July 10.—Wheat—Spot, No. 2 red winter,*6s 2d; No. 2 red spring, 's 8d; No. 1 hard Manitoba, 6s 7%d; No. 1 California, 6s Futures, July, 6s l»4d; August, 5s 2d; September. 5s 2’Xtd; October, 5s 3d; November. 5s “'id; December, 5s 3%d; January, 5s 4d. Corn—Spot, American mixed, new. 4s 2’Xed. Futures, July, 4s August. 4s Vfed; September, 4s %d; October, 4s }>id; November, 4s l%d; December, 4s 2d. Flour—St. Louis fancy winter, 7s 6d.

Peoria. Peoria, 111., July 10.—Corn—Dull, unchanged. Oats—No. 2 white, 25%®27c; No. 3 white, 25025*40. Rye—New nominal; No. 2,45046 c. Whisky—Finished goods on the basis of 81.24 for highwines. Receipts—Wheat, 1,200 bu; corn. 70,500 bu; oats, 31,250 bu; rye, none; barley, 700 bu. Shipments— Wheat, 2,400 bu; corn, 45,750 but oats, 148,650 bu; rye, none; barley, none. New York. New York, July 10.—Butter—Receipts, 5,500 pkgs; western dairy, 9©l3c; western creamery, 12©17%c; Elglns, 17%c. Eggs—Receipts, 5,400 pkgs; western, 12%@13%c. Coffee—Dull. Toledo. Toledo, 0., July 10.—Wheat—Cash, 67%c; August, 66%c bid; September, 67%c bid; soft, 62c. Corn—Cash, 45c. Oats—September, 24c.